Bearish flow noted in Wayfair (W) with 3,183 puts trading, or 1.5x expected. Most active are 1/31 weekly 45 puts and Feb-25 50 calls, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.80, while ATM IV is up over 2 points on the day. Earnings are expected on February 20th.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on W:
- Wayfair price target raised to $51 from $44 at BofA
- Wayfair call volume above normal and directionally bullish
- Wayfair reinvesting should allow for better long-term profit growth, says Citi
- Wayfair (NYSE:W) Bids Farewell to Germany
- Morning Movers: Constellation Energy climbs following deal to buy Calpine